99% Approval Paves Way for 4.7M-Connection American Water and Essential Utilities Merger
On February 10, shareholders approved an all-stock merger between American Water Works and Essential Utilities after 99% and 95% approval, respectively. The combined utility will serve 4.7 million connections in 17 states and is expected to close by end Q1 2027 pending antitrust and commission clearances.
1. Merger Vote Approval
On February 10, shareholders of both companies met to vote on the all-stock merger, with American Water Works recording 99% approval and Essential Utilities securing nearly 95% support for share issuance proposals.
2. Combined Operational Scope
The merger combines the two largest US regulated water and wastewater utilities under the American Water name, creating a network serving over 4.7 million connections across 17 states and maintaining headquarters in Camden, New Jersey.
3. Closing Timeline and Conditions
The transaction, announced in October 2025, is slated to close by the end of Q1 2027, contingent on Hart-Scott-Rodino antitrust clearance, approvals from public utility commissions in multiple states, and other customary closing conditions.